In Memoriam: Former SEC Chairman William Donaldson

Also, FDIC set to give Citibank a failing grade on its living will

Former Chairman William Donaldson, who died last week at 93, helped restore the SEC’s standing at a time when it was being attacked by all quarters. The job was hardly at the top of his wish list. 

Donaldson took over the agency in 2003, at the tail end of a career that included founding a prominent investment bank, heading up the New York Stock Exchange…